Is this a bad or bold decision?
#1
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Just thought as part of my due diligence, I'd ask you uber smart Porsche folks - Am I getting a good deal on this cayenne?
its going to be a lease on a 2014, 42 months, 10K miles/yr
$64,515 MSRP (Basic pkg, 20" wheels, Bose)
Rate is .00152 (usbank, not PFS), 54% residual
pyt is $821/mo
Thoughts?
Thanks!
its going to be a lease on a 2014, 42 months, 10K miles/yr
$64,515 MSRP (Basic pkg, 20" wheels, Bose)
Rate is .00152 (usbank, not PFS), 54% residual
pyt is $821/mo
Thoughts?
Thanks!
Last edited by Orionsmom; 02-14-2014 at 03:42 PM. Reason: Boring title, got no responses :)
#2
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Don't know about the financial side of it, but I can't even remember the last time I drove 10K or fewer miles in a year. Just make your your driving habits correspond with the limits on mileage.
#5
Instructor
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These numbers dont tell us much without trim level details... but in my worthless opinion, an $800+ payment for a V6 Cayenne is lunacy. There are better choices out there.
#7
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I leased a lexus suv when they first came out
Ended up over on the mileage because i liked to drive it which = $$$$
They will tell you normal wear and tear is ok until you bring it back and they go through it with a microscope which = $$$$
Had to carry max insurance coverage which = $$$$
My vote is no
Ended up over on the mileage because i liked to drive it which = $$$$
They will tell you normal wear and tear is ok until you bring it back and they go through it with a microscope which = $$$$
Had to carry max insurance coverage which = $$$$
My vote is no
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#9
Nordschleife Master
#10
Rennlist Member
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Jeebus, yeah: It's a buyer's market in used Cayennes and used car loans. Go buy one.
#11
Team Owner
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Just thought as part of my due diligence, I'd ask you uber smart Porsche folks - Am I getting a good deal on this cayenne?
its going to be a lease on a 2014, 42 months, 10K miles/yr
$64,515 MSRP (Basic pkg, 20" wheels, Bose)
Rate is .00152 (usbank, not PFS), 54% residual
pyt is $821/mo
Thoughts?
Thanks!
its going to be a lease on a 2014, 42 months, 10K miles/yr
$64,515 MSRP (Basic pkg, 20" wheels, Bose)
Rate is .00152 (usbank, not PFS), 54% residual
pyt is $821/mo
Thoughts?
Thanks!
That amount isn't far off. If you were to finance the roughly $32,000 for 42 months, it'd be about $820 / month at 5% rate.
#13
Rennlist Member
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Are you sure, that is kind of high. Bank of America is showing the following for NC:
Dealer New 2.34% (up to 60 months) 2.44% (61-72 months)
Dealer Used 2.39% (up to 60 months) 2.49% (61-72 months)
Private Party 2.59% (up to 60 months) 2.74% (61-72 months)
Refinance 2.39% (up to 60 months) 2.59% (61-72 months)
Lease Buyout 3.09% (up to 60 months) 3.24% (61-72 months)
Dealer New 2.34% (up to 60 months) 2.44% (61-72 months)
Dealer Used 2.39% (up to 60 months) 2.49% (61-72 months)
Private Party 2.59% (up to 60 months) 2.74% (61-72 months)
Refinance 2.39% (up to 60 months) 2.59% (61-72 months)
Lease Buyout 3.09% (up to 60 months) 3.24% (61-72 months)
#14
Rocky Mountain High
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Having just been in the new SUV market, we decided to go another direction. I considered a new Cayenne Diesel as well as a new Cayenne S. I ended up buying a brand new 2014 Audi SQ5 with a sticker of $61,420. It is essentially loaded - although there were a few things on the options list that I didn't check because I didn't think they were worth the money. In any case, my payment to buy this vehicle is right in the same range as you're talking about for a lease on a vehicle with much less equipment.
If you don't need the size of the Cayenne over the Q5, then you might consider it. The Macan is going to be available soon too, and that might be an option.
If you don't need the size of the Cayenne over the Q5, then you might consider it. The Macan is going to be available soon too, and that might be an option.